Dell Technologies Inc (DELL)

Debt-to-capital ratio

		Jan 31, 2025	Oct 31, 2024	Aug 2, 2024	Jul 31, 2024	May 3, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	May 5, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022
Long-term debt	US$ in thousands	—	—	17,811,000	—	19,382,000	—	19,012,000	—	20,119,000	—	20,177,000	—	22,962,000	—	23,015,000	—	—	20,562,000	—	20,287,000
Total stockholders’ equity	US$ in thousands	-1,482,000	-2,285,000	-2,894,000	-2,894,000	-2,822,000	-2,822,000	-2,404,000	-2,404,000	-2,664,000	-2,664,000	-2,772,000	-2,772,000	-3,023,000	-3,023,000	-3,122,000	-3,122,000	-2,772,000	-3,469,000	-2,860,000	-2,860,000
Debt-to-capital ratio		—	—	1.19	—	1.17	—	1.14	—	1.15	—	1.16	—	1.15	—	1.16	—	—	1.20	—	1.16

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-1,482,000K)
= —

The debt-to-capital ratio of Dell Technologies Inc provides insight into the company's financial leverage and how much of its capital structure is funded by debt. The trend in the debt-to-capital ratio for Dell over the provided dates shows fluctuations.

- As of July 29, 2022, the debt-to-capital ratio was 1.16, indicating that debt made up 116% of the company's capital structure.
- The ratio was not available for July 31, 2022, but by October 28, 2022, it had increased to 1.20.
- Subsequent dates in 2023 and 2024 showed variations in the ratio, ranging from 1.14 to 1.19. The variations suggest changes in the company's debt and capital levels during these periods.

Overall, a debt-to-capital ratio above 1 indicates that debt financing plays a significant role in Dell's capital structure. It is important to monitor this ratio over time to assess the company's risk exposure to debt and its ability to meet financial obligations.